What key support is necessary for C-PACE projects to succeed?

For C-PACE (Commercial Property Assessed Clean Energy) projects to thrive, having access to capital, along with skilled contractors, accommodating municipalities, and supportive mortgage lenders, is crucial.

Capital is essential because these projects often require significant upfront investment for improvements such as energy-efficient installations. Contractors play a vital role in executing the necessary upgrades and ensuring that they are completed effectively and up to code. Supportive municipalities are important as they facilitate the implementation of C-PACE financing by understanding its benefits and helping in the establishment of the program within their communities. Additionally, supportive mortgage lenders are necessary as they need to be on board with PACE financing, which can affect the property's financing and mortgage structures.

While government policies and funding can play a role in the broader context of C-PACE programs, the direct support from capital and local stakeholders creates a more immediate framework for project success. Similarly, strong marketing campaigns and advanced technologies enhance outreach and effectiveness but do not replace the foundational elements identified in the correct answer that are critical for instigating and implementing such projects.